Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
Beijing disappointed those hoping for urgent economic stimulus, offering only a financial gimmick to delay the day of reckoning for local government finances.
Under global pressure, Beijing is pulling back from the EV project. The firms now rely on local government support, but it won’t sustain them for long.